As a result of my husband’s job, which concerned frequent journey and relocating we’ve got at all times simply rented houses. My husband is contemplating a everlasting placement quickly, although. We’re 11-ish years from retirement age. Houses within the space go for round 350,000. Is it completely ludicrous to saddle ourselves with that quantity of debt at this age? Is it in any respect cheap to assume we might promote (and even lease it out) after 10 or 11 years ought to we go that route? A long run rental looks as if the wiser alternative at this age however it could certain be good to not reside underneath a landlord’s guidelines for a change.
Doable related data: we’ve got good credit score, minimal debt, lease/mortgage cost can be roughly the identical, respectable retirement revenue.
